In October, inflation in Pakistan, as measured by the Consumer Price Index (CPI), increased by 26.89% compared to the same month last year. This information was released by the Pakistan Bureau of Statistics. On a monthly basis, inflation increased by 1.08%.
The data provided by the bureau shows that both urban and rural inflation also increased month-on-month, with urban inflation rising by 1.07% and rural inflation rising by 1.01%.
These figures contradict the Ministry of Finance’s claim that inflation would decrease in October. They had stated that local average prices of basic goods had declined.
The main cause of the October inflation was an increase in food prices. On a monthly basis, there were increases in the prices of various food and non-food items in both urban and rural areas.
The highest price increases were seen in alcoholic beverages and tobacco, recreation and culture, and furnishings and household equipment maintenance. The lowest increases were seen in education and communication.
More information about this topic will be provided later.
>>Join our Facebook Group be part of community. <<